BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Q1 FY22 revenue growth for specialty chemical companies under our coverage is expected to be strong on YoY basis due to the low base of Q1 FY21.
On QoQ basis, revenues would be boosted due to higher feedstock prices. Though margins for most companies will be optically lower due to higher revenues but stable spreads, we have not factored-in any upside risk from inventory gains.
We expect revenue growth in SRF Ltd.’s chemical business to remain strong, and its packaging films spreads to remain stable.
Navin Fluorine International Ltd. would benefit from higher domestic refrigerant gas sales and lower fluorspar prices.
Galaxy Surfactants Ltd. should see QoQ Ebitda growth on normalisation of costs.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.